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MEDIA CONTACT
Perot Systems Corporation
Mindy Brown
phone: +1 972 577 6165
fax: +1 972 577 4484 mindy.brown@ps.net

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Perot Systems Corporation
John Lyon
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fax: +1 972 577 6790
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Vision Healthsource
Manish Jain
phone: 98410-38446
manishj@vision-healthsource.com

Perot Systems Corporation
2300 W. Plano Parkway
Plano, Texas 75075 972.577.0000
www.perotsystems.com

PEROT SYSTEMS ANNOUNCES AGREEMENT TO ACQUIRE VISION HEALTHSOURCE, INC. AND VISION HEALTHSOURCE INDIA PRIVATE LIMITED

Healthcare processing capability in India provides key link in Perot Systems’ healthcare transformation strategy and global service delivery model

Plano, Texas — July 2, 2003 — Perot Systems Corporation (NYSE: PER) today announced that it has reached an agreement to acquire Vision Healthsource India Private Limited and Vision Healthsource, Inc. -- collectively known as “Vision” -- a leading provider of billing and claims solutions for healthcare service providers in the United States.

Headquartered in Chennai, India, Vision was founded in 1997 and pioneered outsourced offshore transaction processing for the U.S. healthcare industry. Today the company has primary delivery operations in India and senior market facing personnel in the United States. It is one of the largest U.S./India remote healthcare claims processing companies.

With a client base of more than 25 U.S.-based healthcare billing companies, Vision handles more than US$1 billion in healthcare provider claims per year for physicians and hospital-based and physician specialties across the United States. The company’s ISO-9001 certified claims processing centers and call centers in Chennai process more than 25 million transactions and 670,000 phone calls per year.

Vision’s approximately 500 employees will become a part of Perot Systems’ healthcare group, the company’s largest industry group.

“This acquisition will result in an expansion of Perot Systems’ Healthcare business process outsourcing capabilities and further position us as a market leader in this space,” said Chuck Lyles, Perot Systems vice president and Healthcare group leader. “We continue to demonstrate our commitment to serve customers by building our capabilities through both acquisition and technology investments.”

Vision founder and CEO Anurag Jain added, “Vision was looking for someone with cultural compatibility and similar values, who could help us extend our capabilities and market reach. We have known Perot Systems for more than one year and are confident that this is a strong fit. Combining Vision with the Perot Systems family will add value for our current customers and will expand the payer side of our service line offerings. This is a landmark deal for our company and for India. It validates the global services delivery model.”

“Leveraging our complementary customer bases and strong reputations in the healthcare industry will allow us to offer existing and new customers the best value-proposition possible,’’ added Mr. Lyles. “It is crucial in today’s competitive landscape to have on-shore, off-shore and near-shore capabilities. With the addition of Vision to our team, we have a global processing model that supports our provider and payer transformation strategies.”

Perot Systems agreed to acquire Vision for an aggregate value up to US$10 million – US$3 million in cash at closing and an additional US$7 million if certain performance targets are met through 2006. For the 12 months ending December 2002, Vision had revenues of approximately US$2.4 million.

The closing of the acquisition is subject to final regulatory approvals and other customary closing conditions.

About Vision Healthsource, Inc.
In 1997, recognizing the high monetary and human resource cost to businesses performing transaction services, Vision pioneered outsourced transaction processing for the U.S.-based healthcare industry. Today, Vision is a leading provider of billing, receivables and claims business process outsourcing solutions for healthcare service providers. Vision’s proven, low-cost, state-of-the-art outsourced processing capabilities in Chennai, India take full advantage of the highly skilled workforce and economic leverage in the region and relieve clients of the burden and cost of providing these services allowing them to devote more time to growing their businesses.

About Perot Systems

Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems has more than 400 clients and reported 2002 revenue of $1.3 billion. The company has more than 10,000 associates located in North America, Europe, and Asia. Additional information on Perot Systems is available at http://www.perotsystems.com.

Perot Systems Healthcare is one of the largest providers of full-service IT operations in the hospital industry, managing significant relationships with four of the top 20 U.S. health systems. More than 4,000 employees from the Healthcare Industry Group serve both the for-profit and not-for-profit healthcare marketplace, providing integrated end-to-end technical and business solution services. Perot Systems healthcare clients represent more than 300 healthcare providers, thousands of caregivers, 200 health insurance organizations, as well as leading biopharmaceutical and healthcare supply chain companies.

This press release contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "forecasts," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions. Actual events or results may differ materially. In evaluating all forward-looking statements, you should specifically consider various factors that may cause actual results to vary from those contained in the forward-looking statements, such as: the loss of major clients; deterioration of project and consulting-based revenue and profit associated with deteriorating market conditions; the Company’s ability to achieve future sales; changes in its UBS relationship and variability of revenue and expense associated with its largest customer, as well as other clients; a portion of client revenue and profits represent spending above contractual minimums, which could be deemed as discretionary by clients and result in lower revenue and earnings for the Company with limited notice; the current and future performance of client contracts; risks associated with non-recoverable cost overruns on software development contracts; growing start-up businesses; the highly competitive market in which the Company operates; risks associated with signed contracts that must receive regulatory approval; the variability of quarterly operating results; the reliance on estimates that involve successful completion of future actions; guaranteed purchase agreements; changes in technology; changes to accounting methods; risks associated with acquisitions and divestitures; and risks related to international operations. Please refer to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2002, as filed with the U.S. Securities and Exchange Commission and available at www.sec.gov, for additional information regarding risk factors. The Company disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.

 
   
 
   
  Media Relations Contact:

Manish Jain
Manager
Marketing/Sales support
+91-9841038446

 


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